Snap Inc. is an American technology and camera company, founded on September 16, 2011, by Evan Spiegel and Bobby Murphy based in Santa Monica, California. It has three products: Snapchat, Spectacles, and Bitmoji. The company was originally named Snapchat Inc. upon its inception, but it was rebranded on September 24, 2016, as Snap Inc. in order to include the Spectacles product under a single company.
The founders own a combined 95% voting power (Spiegel with 48% and Murphy with 47%), which is undiluted and transferable to the other of the two when one retires or dies.
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Snap Inc. Details
Operating Status:Active
Business TypePrivate
HeadquartersSanta Monica, California, United States
Experts believe that Snap acquired Ariel because the AI company is “focused on on-drive 3D mesh building in a snappy and battery efficient way with a use case in AR.”
